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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end? -- Ignore unavailable to you. Want to Upgrade?


To: Winter who wrote (1874)5/14/1998 11:53:00 AM
From: ItsAllCyclical  Read Replies (3) | Respond to of 3203
 
In many idiots eyes KTEL looks cheap, hey it was once almost 80 dollars. There were some on the yahoo/ktel thread that thought after the stock split that ktel would be twice as cheap. They didn't understand the doubling of the shares outstanding.

With all the insiders selling increasing the float and the need to do some sort of secondary to increase their cash position...

KTEL could wind up weaker (and lower) then before this whole mess started. It'll certainlly be harder to manipulate in the future. Over 1 yrs time KTEL could trade under $3.